Crude Oil (WTI) (V5) Intraday: caution.

Pivot: 63.20

Our preference: long positions above 63.20 with targets at 63.80 & 64.10 in extension.

Alternative scenario: below 63.20 look for further downside with 62.90 & 62.55 as targets.

Comment: investors have to remain cautious since these levels may trigger profit taking.

Supports and resistances:

64.50

64.10

63.80

63.45 Last

63.20

62.90

62.55